Gaurav (MBA) (144 Points)
04 November 2014Dear All,
A Pvt Company was formed last year (under Companies Act 1956), the appointment of the First Auditor was not appointed by the Company. Now, the company wishes to make he appointment, so what are the remedy available to the Company.
Thanking you,
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 06 November 2014
Co. can appoint first auditors in general meeting. Pl refer Proviso (b) to Sec.224(5) of CA 1956.
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